Sypris Solutions: Surges on contract win for government spacecraft program

Sypris Solutions

22/04/2021 22:54

** Shares of autoparts maker  SYPR.O  surge 54% to $4.3
after the bell; set for best day in 2 months
    ** Co says unit Sypris Electronics received a follow-on
award from U.S. Department of Defense to manufacture and test
electronic assemblies for a government spacecraft program
 urn:newsml:reuters.com:*:nBw5YtcWha
    ** SYPR says production is expected to begin in 2021
    ** The company did not disclose terms of agreement 
    ** Up to Thursday's close, stock rose ~85% YTD

 (Reporting by Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com;))